1815 E Lake Drive, Novi
$955,000
About this home
Direct all inquiries to Steve (co-lister). Welcome to your dream location. Take advantage of this unheard of amount of space (a combination of 5 1/2 lots) with water frontage on Walled Lake (a large, private, all-sports lake). This highly desired community does not pop up often, and for good reason. Directly adjacent to Novi’s Pavilion Shore Park, reap the benefits of ample free parking, a large playground, walking trails, and community events like morning yoga right outside your window. Lakeshore Park, another Novi highlight featuring fantastic mountain bike trails, sand volleyball courts, a large party shelter, and a great beach, is just a short walk away. This 2 bed, 1 bath home is newly remodeled, with a brand new kitchen, bathroom and roof. It is a perfect secondary lake property, investment opportunity to rent out, or tear down to take advantage of the combined lots and build your dream home! This property is being sold with heavy emphasis on the community, history, location, lot space, and water frontage. Price is firm, the seller still has a dream for this property - this is the price at which they will put their dreams aside for your own. *So as not to arbitrarily inconvenience the tenant, pre-approval/proof of funds is required prior to showing. **NO EXCEPTIONS**
The facts
| Price | $955,000 |
| Beds | 2 |
| Baths | 1 full |
| Square feet | 891 |
| Type | Single family residence |
| Subdivision | CHAPMAN WALLED LAKE |
| County | Oakland |
| MLS # | 20261025529 |
| Listed | 2026-04-15 |
| Days on market | 193 |
| Year built | 1940 |
| Possession | Negotiable |
| Stories | 2 stories |
| Heating | Baseboard, Natural gas |
| Foundation | Crawl space |
| Water / Sewer | City water & sewer |
| Waterfront | Walled Lake |
| Parcel number | 2202356003 |
| Listing office | KW Showcase Realty |
Property taxes: the seller's bill vs. yours
| This seller today | You, the year after buying | |
|---|---|---|
| Taxable value | $218,470 | about $477,500 |
| Yearly property tax | $11,168 | about $17,344 |
Michigan caps a homeowner's taxable value until the home sells, then it resets. That's about $6,176 a year more than this seller pays. The assessor's state equalized value (SEV) is $218,470. Your taxable value resets to the SEV the year after you buy, and assessors usually raise it to about half the sale price. Estimate uses Novi's 2025 homestead rate of 36.32 mills and assumes you claim the homestead exemption. See Novi's full tax breakdown or run the uncapping calculator.
Ask Match Realty about this home
IDX provided courtesy of Realcomp II Ltd. via Match Realty LLC and Realcomp II Ltd, ©2026 Realcomp II Ltd. Shareholders. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Listings refreshed 2026-10-25T23:19+00:00; refreshed at least twice daily.